During his reign women received voting rights for the first time, following a referendum on the topic (among men only) in 1984.

Franz Joseph was an extremely popular sovereign in Liechtenstein. He was the first ruling prince to live full-time in the principality. He also oversaw the economic development of Liechtenstein from a poor agricultural backwater into one of the richest countries (per capita) in the world.

Prince Alexander Wilhelm Hans Adam of Liechtenstein (19 May 1972, Basel). Married civilly in Vaduz on 24 January 2003 and religiously in Salzburg on 8 February 2003 Astrid Barbara Kohl (13 September 1968, Regensburg), daughter of Theodor Kohl and wife Ingrid Schlechta. They had one daughter:

Franz Joseph handed over most of his powers to his son, Hans-Adam, on 26 August 1984.[4]
Franz Joseph II died on 13 November 1989, a mere twenty-six days after his wife. Ruling Liechtenstein for 51 years, he was among the longest-ruling sovereigns in Europe and the longest-serving national leaders in the world at the time of his death.